Buying a new home is a serious decision that requires a well-thought out process. Here are some things for you to consider when making that decision.
Weigh Your Options First
Youwill not need to own your home, unless circumstances lead there. These might include starting a new family, settling down for retirement or some other reason. Although some might say that paying rent is basically throwing your money away, there are many benefits to renting as well. Especially if you move around a lot.
Find Your Ideal Home
This might not come as easy as you think. And the search for the ideal home might take even a year, particularly if you do not have a proper real estate agent. Even if you are looking for real estate Lilydale to settle down, you might need your own real estate agent to check out the neighbourhood, the facilities and even the conditions of the house. Take your time and narrow down your options. You only buy houses once or twice in a lifetime.
Do Not Listen to Everyone’s Advice
As soon as you announce that you are on the lookout for a new house, you may expect many friends and family to come and give you advice from their own experiences. While these maybe all well-intended advice, do keep in mind that these incidents might have been true in the past and they do not necessarily have to happen to you.
Sniff In and Around Your New Property
Check for the odours of mould, animal odours such as insects. You should ideally check out around the house too for things such as sewage treatment plants. Look under the sinks, open up the dishwashers, pay a visit to the basement and open up a few faucets too.
Bring Your Own Professionals
Even though you might think you have seen it all, checked and re-checked, you need a proper house inspection conducted by a professional. Do not ask the sellers of the house but you may consult your real estate agent on this. She or he might have a list of professionals working in line with the industry providing complementary services.
Think With Your Head, Not Your Heart
Although these are words to live by, they can also come in handy when buying a new house. The attic might remind you of the house you grew up in or the wallpapers in the living room might bring back memories. But if the house is infested with all kinds of insects and mould, going ahead with an emotional purchase might draw tears in a few months when you have to start renovating.
Do Not Pressure Yourself
It is okay to walk away. The real estate agents are expert salesmen. Although it is you who have hired them, they might still be after their commission. And this will make them convince you to make the purchase as soon as possible so that they can move on to their next venture. Do not feel rushed. Take all the time you need.